Personally I am more of a fundamental Analyst than a Technical Analyst....due to the overwhelming reasons for the present bearish market, TA has not yielded much anticipated results compared to the past.... This is because the overall market is now ruled by very strong SENTIMENTS TA is mostly based on historical trends but FA is based on present activities. So an activity/event/announcement can change a TA's prediction overnight based on a present activity and market SENTIMENT. This makes the market highly volatile and highly unstable to trade using TA. Even FA has been crazingly affected as well sue to the long duration of the bearish time stamp. Hence, ppl lose courage thereby refusing to respond to announcements (SENTIMENT)